Supply Glut
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Chipmakers Hint at Ease of Chip Supply Glut but Demand Recovery Still Slow
From Intel to Samsung, global chipmakers are celebrating the beginning of the end of a semiconductor supply glut, but the outlook for demand from customers outside the artificial intelligence (AI) industry remains gloomy. All the major markets for chips — smartphones, PCs and data centres — have shrunk this year.
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Samsung Electronics Expects Q2 Profit to Drop More Than 95 Percent Amid Ongoing Chip Glut
Samsung Electronics reported a likely 96 percent plunge in second-quarter operating profit on Friday, largely in line with forecasts, as an ongoing chip glut drives large losses in the tech giant's key business despite a supply cut. Samsung estimated its operating profit fell to KRW 600 billion(roughly Rs. 3,795 crore) in April to June in April to ...
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Samsung Electronics Reports 96% Drop In Q2 Profit As Chip Glut Persists
Samsung Electronics Co Ltd reported a likely 96% plunge in second-quarter operating profit on Friday, as an ongoing chip glut drives large losses in the tech giant's key business despite a supply cut.
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MediaTek Shifts Focus to Cars, AI Amid Supply Glut in Smartphone Market
Taiwan's top chip design company MediaTek is focusing more resources on chips for cars and AI computing as its smartphone clients face a supply glut and inflation and macroeconomic uncertainty dent demand for consumer electronics. "We are definitely moving our resources very, very rapidly towards the automotive and computing areas, because those ar...
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Crude Oil Tumbles Over 4% As Supply Glut Spooks Market
Brent futures were on course to settle below the key $40 per barrel mark for the first time since October 2.
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Oil Prices Slip As U.S. Inventory Build Stokes Fears Of Supply Glut
Crude inventories rose by 584,000 barrels in the week to Oct. 16 to about 490.6 million barrels, data from industry group the American Petroleum Institute showed.
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Day After Historic Crash, US Oil Prices Rebound At $10.01 Per Barrel
A day after its historic slide into negative territory amid a supply glut, US oil futures finished in positive territory Tuesday although the market remained under heavy pressure.
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Trump Orders Plan To Fund US Oil Firms After Record Low Prices
US President Donald Trump on Tuesday ordered his administration to come up with a plan to aid US oil companies struggling with a massive supply glut and record-low crude prices.
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Crude Oil Price: US Futures Crawl Back To Positive Territory After Record Fall Below $0/Barrel
Crude Oil Price News: US crude oil futures turned negative for the first time ever on Monday, as the coronavirus pandemic and resultant lockdowns have paralysed the world economy and caused apprehensions about a swift return to growth. West Texas Intermediate (WTI) crude prices - the benchmark for US oil rates - slid below the $0-a-barrel mark in a...
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US Crude Oil Price Goes Negative For The First Time In History
The US benchmark crude oil price collapsed on Monday, falling to one cent a barrel amid an epic supply glut caused largely by the coronavirus pandemic's hit to demand.
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LG Display Posts Loss on TV Panel Supply Glut, Invests in South Korea OLED Plant
LG Display on Tuesday posted a deeper second-quarter operating loss that missed analyst estimates, as a global supply glut pushed down prices of screens for television sets.
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Crude Oil Falls 1% On Concerns Of Economic Slowdown, Oversupply
Traders said futures crude oil prices fell on expectations of oversupply amid surging US production and concerns about a global economic slowdown. Oil prices ended 2018 lower for the first time since 2015, after a desultory fourth quarter that saw buyers flee the market over growing worries about too much supply and mixed signals related to renewed...
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Rupee Moves Above 70-Mark Against Dollar
Analysts said a weak dollar overseas and oil supply glut concerns propped up the domestic currency.
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Saudi Arabia Won't Let Another Glut Surface, Says Energy Minister Khalid Al-Falih
Saudi Arabia Energy Minister Khalid al-Falih said on Wednesday that the world's biggest exporter of crude oil will not sit by and let another supply glut surface, but also does not want oil prices to rise to "unreasonable levels".
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Russia Overtakes Saudi Arabia As World's Top Crude Producer
Russia overtook Saudi Arabia as the world's largest crude producer in December, when both countries started restricting supplies ahead of agreed cuts with other global producers to curb the worst glut in decades.
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Chipmakers Hint at Ease of Chip Supply Glut but Demand Recovery Still Slow
From Intel to Samsung, global chipmakers are celebrating the beginning of the end of a semiconductor supply glut, but the outlook for demand from customers outside the artificial intelligence (AI) industry remains gloomy. All the major markets for chips — smartphones, PCs and data centres — have shrunk this year.
-
Samsung Electronics Expects Q2 Profit to Drop More Than 95 Percent Amid Ongoing Chip Glut
Samsung Electronics reported a likely 96 percent plunge in second-quarter operating profit on Friday, largely in line with forecasts, as an ongoing chip glut drives large losses in the tech giant's key business despite a supply cut. Samsung estimated its operating profit fell to KRW 600 billion(roughly Rs. 3,795 crore) in April to June in April to ...
-
Samsung Electronics Reports 96% Drop In Q2 Profit As Chip Glut Persists
Samsung Electronics Co Ltd reported a likely 96% plunge in second-quarter operating profit on Friday, as an ongoing chip glut drives large losses in the tech giant's key business despite a supply cut.
-
MediaTek Shifts Focus to Cars, AI Amid Supply Glut in Smartphone Market
Taiwan's top chip design company MediaTek is focusing more resources on chips for cars and AI computing as its smartphone clients face a supply glut and inflation and macroeconomic uncertainty dent demand for consumer electronics. "We are definitely moving our resources very, very rapidly towards the automotive and computing areas, because those ar...
-
Crude Oil Tumbles Over 4% As Supply Glut Spooks Market
Brent futures were on course to settle below the key $40 per barrel mark for the first time since October 2.
-
Oil Prices Slip As U.S. Inventory Build Stokes Fears Of Supply Glut
Crude inventories rose by 584,000 barrels in the week to Oct. 16 to about 490.6 million barrels, data from industry group the American Petroleum Institute showed.
-
Day After Historic Crash, US Oil Prices Rebound At $10.01 Per Barrel
A day after its historic slide into negative territory amid a supply glut, US oil futures finished in positive territory Tuesday although the market remained under heavy pressure.
-
Trump Orders Plan To Fund US Oil Firms After Record Low Prices
US President Donald Trump on Tuesday ordered his administration to come up with a plan to aid US oil companies struggling with a massive supply glut and record-low crude prices.
-
Crude Oil Price: US Futures Crawl Back To Positive Territory After Record Fall Below $0/Barrel
Crude Oil Price News: US crude oil futures turned negative for the first time ever on Monday, as the coronavirus pandemic and resultant lockdowns have paralysed the world economy and caused apprehensions about a swift return to growth. West Texas Intermediate (WTI) crude prices - the benchmark for US oil rates - slid below the $0-a-barrel mark in a...
-
US Crude Oil Price Goes Negative For The First Time In History
The US benchmark crude oil price collapsed on Monday, falling to one cent a barrel amid an epic supply glut caused largely by the coronavirus pandemic's hit to demand.
-
LG Display Posts Loss on TV Panel Supply Glut, Invests in South Korea OLED Plant
LG Display on Tuesday posted a deeper second-quarter operating loss that missed analyst estimates, as a global supply glut pushed down prices of screens for television sets.
-
Crude Oil Falls 1% On Concerns Of Economic Slowdown, Oversupply
Traders said futures crude oil prices fell on expectations of oversupply amid surging US production and concerns about a global economic slowdown. Oil prices ended 2018 lower for the first time since 2015, after a desultory fourth quarter that saw buyers flee the market over growing worries about too much supply and mixed signals related to renewed...
-
Rupee Moves Above 70-Mark Against Dollar
Analysts said a weak dollar overseas and oil supply glut concerns propped up the domestic currency.
-
Saudi Arabia Won't Let Another Glut Surface, Says Energy Minister Khalid Al-Falih
Saudi Arabia Energy Minister Khalid al-Falih said on Wednesday that the world's biggest exporter of crude oil will not sit by and let another supply glut surface, but also does not want oil prices to rise to "unreasonable levels".
-
Russia Overtakes Saudi Arabia As World's Top Crude Producer
Russia overtook Saudi Arabia as the world's largest crude producer in December, when both countries started restricting supplies ahead of agreed cuts with other global producers to curb the worst glut in decades.
